If you are looking for the best opportunity to invest in Real Estate properties, then Landa is a fantastic option for you!
Landa is a Fractional Real Estate Investing App that lets you purchase shares in a property. You are eligible to receive dividends of a portion of the net rental income generated by the property.
However, when it comes to investing, you must be aware of whether the way you choose to invest is legitimate or not. That’s why we have specifically reviewed Is Landa Legit? or Scam?
This article will give you a clear idea of whether you should sign up for Landa, so let’s begin.
What Is Landa?
Landa is a popular real estate investing app that allows you to start your investing journey with just $5. It was launched in 2019 and currently owns rental properties in Georgia and New York state with over 200,000+ active users.
Landa focused on building a real estate marketplace and has recently raised an impressive $95 million to fund their efforts. As of October 2022, the company has already listed around 50 properties on its platform, with more expected to be added.
Using Landa, you can source properties for investment, acquire them, and manage tenants and maintenance with your team of property managers.
It is fully automatic, and You will pay several fees to cover all the expenses, but the investment is entirely passive.
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Is Landa Legit?
Yes! Landa is a legitimate app that lets you invest in real estate properties. However, investing in its shares involves a significant level of risk.
The Landa is a genuine company that has completed all the necessary SEC filings and legal requirements, like transforming rental properties into LLCs to protect individual investors from potential lawsuits from tenants.
There have been some reports of glitches and low trading volumes in reviews of Landa’s secondary marketplace on the app store.
However, these issues are common on new crowdfunding platforms. While Landa offers legitimate and secure investment opportunities, it is still a high-risk investment with some issues related to user experience.
How Does Landa App Work?
Landa is a simple real estate investing app that offers you a fantastic opportunity to invest in fractions of real estate investment trusts.
To Start investing with Landa App, you must sign up using a Landa referral code that will give you a $10 Sign up bonus, and if you invite your friends, you will also get a $10 Landa referral bonus.
Check out our detailed article on Landa Promotions for a step-by-step sign-up process.
Browse and Select properties that work for you and your investing strategy.
Connect your bank account and deposit as little as $5 to buy shares.
Stay updated with real-time updates on your properties and receive monthly dividends based on performance.
When it purchases any property, Landa converts it into a limited liability company (LLC).
It gives up to 10,000 shares for single-family homes and up to 100,000 shares for multi-family properties. As a shareholder, you receive a fraction of the rental income as dividends.
Since Landa manages the rental properties you invest in and the tenants, it differs from most major real estate crowdfunding sites. Here is How Landa Works:
- Sourcing: Landa’s team buys investment properties based on their potential performance.
- Leasing: Landa finds tenants for its new properties. As part of the app, tenants can sign lease agreements, make payments, and manage their entire relationship with the business.
- Dividend Payments: Dividends are distributed at the beginning of every month based on rental income.
- Maintenance: Landa’s local teams handle property maintenance, so your investment is passive.
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Landa App Fees
The Landa company charges 8% as a property management fee once a tenant is secured for a property to generate revenue from that property. Additionally, a one-time acquisition fee of up to 6% is charged as part of its operations and administration fees.
There are no withdrawal or deposit fees, membership fees, or asset management fees charged by Landa.
Can I sell My Landa Shares?
Yes! You can sell your Landa shares whenever you want. Here is step by step process to sell your shares:
- Wait until the property is actively trading.
- Access the property page in the Landa app.
- Look for the “trading” button and click on it.
- Review the current offers to purchase shares for that particular property in the order books.
- Decide on the price you want to offer your shares for sale.
- Choose to price your shares in the range of existing offers or set your price.
- Wait for a buyer to purchase your shares at your chosen price or within your specified range.
- Once a buyer is found, the transaction will be completed, and you will receive payment for selling your shares.
Note: offering your shares for sale does not guarantee that a buyer will purchase them at the price you set.
It is essential to keep an eye on the order books and price your shares accordingly to increase the likelihood of a successful sale.
According to our complete analysis, we have found that the Landa is legit. However, some users need help using Landa due to its advanced system.
So, If you are going to sign up for Landa, you must check the “How does Landa Work” videos that will give you a clear idea of how you should invest.